Ripio holds a virtual asset treasury worth about $100 million…second largest in Latin America
Summary
- Ripio said it holds a crypto treasury of about $100 million.
- This is the second-largest in Latin America.
- Ripio said it plans to maintain a long-term accumulation strategy for major digital assets such as Bitcoin and Ethereum.
Cryptocurrency exchange Ripio is confirmed to hold a virtual asset treasury worth about $100 million. It is the second-largest in the Latin American region.
On the 20th (local time), crypto-focused media CoinDesk reported that Ripio has been steadily accumulating major digital assets such as Bitcoin (BTC) and Ethereum (ETH) since 2017. The total value of assets currently held is estimated at about $100 million.
Ripio has expanded its business in major Latin American countries such as Argentina and Brazil, and its continuous treasury accumulation is seen as laying the groundwork for digital asset adoption and liquidity provision in the region.
The company reaffirmed that it will maintain a long-term digital asset accumulation strategy.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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